Bajaj Electricals has received an Appeal Order from the CGST & CX Appellate Authority concerning a previous GST demand related to input tax mismatch. The authority partially accepted the company’s appeal but finalized the gross demand at ₹4.60 lakh, including a general penalty of ₹0.87 lakh. Management is reviewing legal options, noting that the financial impact, if realized, is limited and there is no impact on current operational or financial activities.
Update on Pending GST Assessment Matter
This communication serves to update stakeholders regarding the Goods and Services Tax (GST) matter previously intimated on February 25, 2025, and January 12, 2026. The initial dispute involved an alleged gross demand of Rs. 11.51 lakh concerning GST input mismatch.
Receipt of Appellate Order
The Company is now in receipt of an Appeal Order dated March 13, 2026, issued by the Commissioner, Appeals-I, CGST & CX, Mumbai (Appellate Authority). The Appellate Authority has partially accepted the Company’s submissions.
Key Financial Outcome of Appeal
- The resulting gross demand has been finalized at Rs. 4.60 lakh.
- This finalized demand includes a general penalty assessed at Rs. 0.87 lakh.
- This outcome reflects a reduction from the initial demand following the partial acceptance of the appeal.
Management Response and Impact Assessment
The management team is currently evaluating all available legal options, which may include filing an appeal before the appropriate appellate tribunal or a writ petition before the Hon’ble High Court against this Appeal Order.
The financial impact of this order, should it materialize, will be strictly limited to the extent of the demand raised and penalty levied thereunder. Crucially, the Company confirms that this assessment has no impact on the operational, financial, or other activities of Bajaj Electricals Limited.
Source: BSE
